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This 3 page Document was uploaded by an elite notetaker on Monday December 21, 2015. The Document belongs to a course at a university taught by a professor in Fall. Since its upload, it has received 8 views.
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Date Created: 12/21/15
PRIVATE LIMITED COMPANY PRIVATE LIMITED COMPANY There are four types of companies in Singapore: Private Limited Company - Not more than 50 corporate or individual shareholders. Exempt Private Company-Notmorethan20individualshareholders. Public Company Limited by Shares - It is locally incorporated where the number of shareholders can be more than 50. Public Company Limited by Guarantee-Itisonethatcarriesoutnon- profit making activities that have some basis of national or public interest, such as for promoting art, charity etc. Advantages Disadvantages • Shareholders’ personal assets are protected • Companies can be more expensive to set up since they are not personally liable for debts • Companiesaregovernedbytighterrulesand and losses of company. regulations • Ownership is transferable and additional • Liquidation or winding up can be more shareholderscanbeappointedthusenabling difficult and costly additional capital injection for expansion • Companies must maintain ongoing purposes. compliance with ACRA/IRAS • Conveys a professional commitment and visionhencemaximizesthepotentialofloans 8.50% 17.00% from banks and other financial institutions e and also establishes a credible image among NO TAX the business community. ble incom Ta First S$100,00S$100,001 - S$300,Above S$ 300,000 • Company is perpetual and business operations are undisturbed by changes in shareholders or the holding pattern. * Qualifying conditions: • No more than 20 individual shareholders. • Where there are corporate shareholders, at least 1 shareholder is an individual holding at least 10% of the shares. Online Resources Singapore Private Limited Company | Form a Singapore Company | Types of Singapore Companies Copyright © 2011 Rikvin Pte Ltd Helpful Links: Company Registration Immigration Accounting Taxation Services Offshore Incorporation RIKVIN PTE LTD 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705 Main Line : (+65) 6438 8887 Fax : (+65) 6438 2436 Email : firstname.lastname@example.org Website : www.rikvin.com This material has been prepared by Rikvin for the exclusive use of the party to whom Rikvin delivers this material. This material is for informational purposes only and has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Where the source of information is obtained from third parties, Rikvin is not responsible for, and does not accept any liability over the content. Copyright © 2011 Rikvin Pte Ltd
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